KAIOUSD
KAIO / United States dollar
cryptoCoinbase

**Source:** [https://x.com/capitalmarkets/status/2081812960025227280](https://x.com/capitalmarkets/status/2081812960025227280) https://preview.redd.it/6cz90d5wcufh1.png?width=680&format=png&auto=webp&s=0cb536a5da60908be6db2d191b1264e9b6c6f61c Morgan Stanley made Solana available to eligible E\*TRADE clients, extending access across a self-directed channel serving 8.7 million households. KAIO brought the Mubadala Capital Alternative Solutions Fund to Solana with $75 million in commitments, while Ramp opened stablecoin accounts and payments settling on Solana. Market activity also reached new highs. Solana processed a record $5.8 billion in tokenized-asset volume during Q2, consumer card top-ups reached $94.32 million in May, and USDGO crossed $1 billion in circulating supply. Here’s what moved across Solana capital markets. # Spotlight # Morgan Stanley opens Solana access through E*TRADE Morgan Stanley completed the rollout of Solana spot trading to eligible E\*TRADE clients, bringing the asset to its self-directed channel serving 8.7 million households. [https://x.com/capitalmarkets/status/2079621153740734608](https://x.com/capitalmarkets/status/2079621153740734608) https://preview.redd.it/69gmjyezcufh1.png?width=562&format=png&auto=webp&s=4f632b6e170e297a3644767ac3f21bb18af22f6c Eligible clients can buy, sell, and hold SOL directly through E\*TRADE alongside bitcoin and ether. The service is supported by Zerohash, which provides the underlying liquidity, custody, and settlement infrastructure. The rollout extends direct Solana access through one of the largest established self-directed investment platforms in the United States. [E\*TRADE ](https://www.morganstanley.com/press-releases/etrade-completes-crypto-spot-trading-rollout)↗ # KAIO brings Mubadala Capital fund to Solana [@KAIO\_xyz](https://x.com/@KAIO_xyz) brought the Mubadala Capital Alternative Solutions Fund to Solana, placing an institutional private-markets strategy onchain. The fund launched with $75 million in commitments from traditional and digital-asset investors. KAIO provides the tokenization and distribution infrastructure for the product. The launch adds a sovereign-linked alternative-investment strategy to Solana’s expanding market for tokenized funds and private assets. [CoinDesk ](https://www.coindesk.com/business/2026/07/23/abu-dhabi-s-mubadala-capital-joins-tokenization-push-as-coinbase-takes-stake-in-onchain-fund)↗ # Chart of the Week # Tokenized-asset volume reaches $5.8B https://preview.redd.it/po5v63h2dufh1.png?width=680&format=png&auto=webp&s=566b3ef0924728221bdc0bd244b25eb9472ad1f6 Tokenized-asset trading volume on Solana reached a record $5.8 billion in Q2 2026, increasing 114% quarter over quarter. The result marked a sixth consecutive quarterly all-time high for tokenized-asset activity on the network. [Solana Q2 Token Holder Report ](https://blockworks.com/api/investor-report/solana-token-holder-report-q2-2026/pdf)↗ # News Bites # Ramp opens stablecoin accounts and payments on Solana [@tryramp](https://x.com/@tryramp) opened stablecoin accounts and payments to more than 70,000 customers, with settlement on Solana. Businesses can move funds in USDC or USDT, pay vendors across borders, and continue using their existing approval and accounting workflows outside traditional banking hours. [Ramp](https://x.com/tryramp/status/2079603646690423074) ↗ # LayerZero and Keeta bring tokenized bank deposits to Solana [@LayerZero\_Core](https://x.com/@LayerZero_Core) and [@KeetaNetwork](https://x.com/@KeetaNetwork) introduced tokenized commercial bank money across Solana, Ethereum, Base, and the Keeta Network. Keeta Stablecoins represent commercial bank deposits held through Bivo and use LayerZero’s OFT standard for distribution across supported networks. The initial rollout covers USD and eight additional currencies. [LayerZero ](https://layerzero.network/blog/keeta-and-layerzero-bring-tokenized-bank-deposits)↗ # Sunrise and Backpack Securities bring tokenized Intel to Solana [@sunrise](https://x.com/@sunrise) brought tokenized Intel stock to Solana, with [@Backpack](https://x.com/@Backpack) Securities serving as the issuer and brokerage. Trading under the symbol INTC, the asset expands the range of public equities available on Solana through Sunrise’s onchain distribution infrastructure and Backpack Securities’ issuance and brokerage infrastructure. [Sunrise ](https://x.com/sunrise)↗ [Backpack ](https://x.com/Backpack)↗ # JTX opens its trading platform to everyone [@jIx\_\_trade](https://x.com/@jIx__trade) opened its Solana trading platform to all users following its earlier access rollout. The platform provides a single trading surface for major assets, memecoins, tokenized equities, and other real-world assets available on Solana. [JTX ](https://x.com/jtx_trade)↗ # Altitude introduces automated accounting [@altitude](https://x.com/@altitude) introduced Altitude Accounting, a workflow for automatically classifying transactions that move through the platform. Businesses connect their accounting software once, review the classifications generated by Altitude, and confirm transactions before syncing them to their books. [Altitude ](https://x.com/altitude/status/2079947483975708693)↗ # Hylo launches 3x bitcoin exposure on Solana [@hylo\_so](https://x.com/@hylo_so) launched xBTC, a leveraged token providing 3x bitcoin exposure on Solana. The token is designed to maintain leveraged exposure without a conventional position-level liquidation process and can be held directly in a Solana wallet. Hylo opened the product with a 0% minting fee during launch week. [Hylo ](https://x.com/hylo_so/status/2079302352725545359)↗ # Kamino’s OnRe Market surpasses $200M The [@onrefinance](https://x.com/@onrefinance) Market crossed $200 million in total market size on [@kamino](https://x.com/@kamino). The market brings insurance-linked yield opportunities into Kamino’s Solana lending infrastructure. [Kamino ](https://x.com/kamino/status/2080350843727942118)↗ # Huma’s PST crosses $200M market capitalization [@humafinance](https://x.com/@humafinance)'s PayFi Strategy Token crossed $200 million in market capitalization. The milestone places PST among the three largest yield-bearing assets on Solana and among the top three yield-bearing assets by 30-day net growth. [Huma Finance ](https://x.com/humafinance/status/2079625821636149696)↗ # Exponent passes $120M in TVL [@tryexponent](https://x.com/@tryexponent) crossed $120 million in total value locked following the launch of its second version. The protocol initially passed $100 million 44 days after the launch, with capital continuing to expand across its product suite. [Exponent ](https://x.com/ExponentFinance/status/2080300887550124047)↗ # USDGO reaches $1B in circulating supply [@usdgo\_official](https://x.com/@usdgo_official) crossed $1 billion in circulating supply five months after launch. Issued by Anchorage Digital and built on Solana, USDGO serves as a settlement asset across OSL’s stablecoin payments and on- and off-ramp infrastructure. [USDGO ](https://x.com/usdgo_official/status/2078071352758784215)↗ # By the Numbers * $5.8B - Tokenized-asset volume in Q2. A sixth consecutive quarterly all-time high on Solana * $94.32M - Consumer card top-ups. Record monthly top-up volume reached in May 2026 * $1B - USDGO circulating supply. Reached five months after the stablecoin’s launch # Did you know A growing directory of free resources for tracking Solana capital markets, created by Solana and independent providers. * Solana Data, A single view aggregating data from multiple analytics providers: [solana.com/data](http://solana.com/data) * Solana Lightspeed, Institutional-grade dashboards covering network and market activity: [solanalightspeed.com](http://solanalightspeed.com/) * [@RWA\_xyz](https://x.com/@RWA_xyz), Dedicated tracking for tokenized real-world assets across chains: [RWA.xyz](http://rwa.xyz/) * [@AlliumLabs](https://x.com/@AlliumLabs) , Institutional-grade access for querying Solana data directly: [allium.so/solana](http://allium.so/solana) * [@tokens](https://x.com/@tokens), Real-time APIs for tokenized-asset and market data: [tokens.xyz](http://tokens.xyz/) * [Validators.app](https://validators.app/), Stake Explorer for validator and network stake distribution: [validators.app](http://validators.app/) # Receive Capital & Chain Weekly Capital & Chain covers institutional activity across Solana each week. 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